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Strategic Management: Strategic Managment
Gregory G. Dess, University of Texas at Dallas
G.T. Lumpkin, University of Illinois--Chicago
Analyzing the External Environment of the Firm

True or False



1

Even with all of the advances in recent years, forecasting is typically considered more of an art than a science and it is of little use in generating accurate predictions.
A)TRUE
B)FALSE
2

Although changes in the general environment may often adversely or favorably impact a firm, they seldom alter an entire industry.
A)TRUE
B)FALSE
3

Technological innovations can create entirely new industries and alter the boundaries of industries.
A)TRUE
B)FALSE
4

In some industries, high switching costs can act as an important barrier to entry
A)TRUE
B)FALSE
5

The power of suppliers will be enhanced if they are able to maintain a credible threat of forward integration.
A)TRUE
B)FALSE
6

Competition tends to be more intense among firms within a strategic group than between strategic groups.
A)TRUE
B)FALSE






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